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    Key features

    • To be offered on Tuesday 29 October
    • Of interest to developers
    • Historic Planning Permission granted for 3 apartments
    • Ground floor let on long lease
    • City centre commercial and residential property
    • Upper floors with vacant possession
    • VAT-Free Opportunity

    Description

    The property comprises a prominent corner building arranged over ground and basement with three floors over benefiting from a separate access off Pilgrim Street. The upper floors offer potential for a residential development, with light and airy floors and good natural daylight. The third floor has a staircase up into the eves with a wc/basin so potentially a duplex arrangement. The property is Grade ll Listed and is constructed of sandstone with the ground floor having return frontages to Pilgrim and Market Street.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.



    Tenancy

    Please see Tenancy & Accommodation Schedule.

    Planning

    Planning permission was granted in June 2019 (Ref: 2019/0255/01/LBC) for the creation of 3 x one bed flats.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Newcastle upon Tyne is located on the banks of the River Tyne, alongside the A1 and A19 trunk roads and on the main east coast rail line. Newcastle has a population of around 300,000, two leading universities with over55,000 students, two major regional hospitals and attracts over 20 million visitors a year. The property lies in the city centre occupying a prominent corner position at the junction of Pilgrim Street with Market Street, close to both Grey Street and Northumberland Street.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums